A report on external debt and funding in the first 2 months of the current financial year was released.
According to the report issued by the Ministry of Economic Affairs, Pakistan received 5 billion 31 million dollars in the first 2 months of this financial year, last year in the same period of last year, funding of 439 million dollars was received.
According to the report, funding of 2.89 billion dollars was received in July and 31.6 million dollars in August, this funding is in addition to 1.20 billion dollars received from the IMF.
According to the report of the Ministry of Economic Affairs, 2 billion dollars were received from Saudi Arabia, 506 million dollars funding was received from China’s Aero Technology Corporation, while 221 million dollars were received as mutual loans.
The report states that $336 million was received from multilateral agencies and $141 million from Naya Pakistan Certificate.
The government has estimated the external funding of 17 billion 62 million dollars in this year’s budget.
According to the report, in the first 2 months of this financial year, 200 million dollars of oil was borrowed from Saudi Arabia, while 12 million dollars were received from the United Arab Emirates as a safe deposit.
The report states that in this financial year, 178 million dollars were received from the World Bank, 870 million dollars from the Islamic Development Bank and 390 million dollars from ADB.
According to the report, a loan of $16 million was received from AIB and $6 million from the International Fund for Agriculture.
In this year’s budget, it is expected to receive 235 million dollars in grants.
The report states that in the first 2 months of this financial year, more than 2 billion 45 million dollars were received as budget support, 760 million dollars were received as project loans, while no loan could be received from commercial banks.
In the report, the debt from commercial banks is estimated at 4.5 billion dollars in the current budget, while it is stated that bonds could not be issued in the international market in the first 2 months of this financial year.
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